Are you going to pay taxes?

[Stegobit]

I am going to pay taxes if I will get some profit, because "safety first" is my motto. I am weak insignificant human being, how will I fight against those fascists who are robbing us? I shall share my profit to calm them down, to dont lose all I have. Life is cruel, being against the power is dead end

Better fund anti-govt fighters with your Bitcoins than paying taxes to the unelected oligarchs!
Many young people now are so financially depressed and desperate, as well as blame govt in their problems, so they are ready to make some damage to the govt institutions if get paid few bitcoins, even bitcents!

These taxes are actually being utilised by the government for the public welfare

After Great Recession (2008) and "austerity measures" people in many developed countries forgot what does welfare means!

[johnine]

From the beggining of my life when Im giving birth I'll pay taxes already, the foods, garments, toys or what kind of thing that's have a value are all with taxes. But for bitcoin if they going to implement in my country I don't have a choice because bitcoin is more and more popular nowadays. But I musr suggest that they lessen the taxes in bitcoin so that many people are not suffering in taxes.

[lantan81383628]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

I don't think I will. Why should I pay taxes on my own money? Bitcoin is free and centralized.

[Lionfortis178]

Ofcourse I'll pay taxes, I didn't have to work for this money it was just easy money gathering. I feel responsible and think wealth should be shared. I will try to limit the amount tho, not planning on paying the full pot.

[mickymax777]

Do you pay taxes on gambling income? If you loose money on cryptos, will you receive a tax rebate? If yes to the first two I'll pay.

[klim88]

Do "capital gains" add to your total income for the purpose of determining your tax bracket or are they taxed at the rate of your income-only tax bracket?

[santino11]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Definitely yes, but i hope this will comes as a yearly computation and not just our profit to be calculated, because as we all know that there's no 100% win on this and sometimes we lose some of our assets. why it needs to be a yearly taxation? We are not all day traders and we work on campaigns for months, after that we hold for the token as we seek for the best value out of it.

[selen]

no, not until i am confident in the ways to cash out behind the gov eye

[darth_cryptorider]

I think yes,  especially now when regulation  process for cryptocurrency begin in my country. I don't see a big problem in paying tax

[LordTricky]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Hahahahaha bitcoin is gambling, I reside in England where gambling is tax free, I could  make trillions and never have to give those terrorists masquerading as guberment a single penny

[Temitope]

It is good to be paying tax because that is one of the way government generate revenue which they use in providing infrastructure for it's citizens

[LordTricky]

It is good to be paying tax because that is one of the way government generate revenue which they use in providing infrastructure for it's citizens

Taxation = theft... Guberment are defined terrorists... Don't be a terrorist sympathiser (thanks david pasty face camoron)...

[Rsocks]

ofc not "rofl"

[amaldubai1]

If the government said that I should pay tax, yes, I will but not the half of what I earn maybe 20% of it. I'm more than happy to pay tax if the taxes that we pay will go to infrastructures ir other government project not on the bank accounts of corrupt politician.That's as long as the transaction doesn't concern any real life goods. Try buying a house or a car and you'll see how fast the authorities come knocking on your door.
Bitcoin isn't anonymous! It's one of the most common wrong assumptions that people have.
You can be anonymous if you mine the coins and trade them for altcoins or cash. If you bought the coins from someone on an exchange the anonymity is no longer there.Reliability and security is one of the main advantages of bitcoin. Therefore, I would advise conducting as many operations as possible through blockchain, in bitcoins. To avoid paying taxes for cashing out.
If it is necessary I would just abide the given law just so they won't ban bitcoin here in our country. Taxes will still be subdivided for the needs of the country and I would be very proud to contribute my earnings. On the other hand, I wish that they will ask for a justifiable tax for I am doing all the hard work just to earn money through bitcoin. I believe that it is still their right to ask for it but the government must make is more reasonable and justifiable.if everything will be taxable including bitcoin then we should work harder for it, then half of that will be given to the government for them to use it for their own good. haha. better not pay my tax in bitcoin if ever.

[thunderbitz2717]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

i will pay tax for the money i earn, the government need money to support the financial aid of the country and i am willing to support it even most or some of the officials are corrupt. i am not doing this for them, but for my mother land that i want to see in the future at its best. i dont want to see my country to stop on developing and making project for the better future.

[Altcoins enthusiast]

I have never paid tax though I advocate that taxation is good.

[Stegobit]

Try buying a house or a car and you'll see how fast the authorities come knocking on your door.

There is a trick that use all wealthy people in my country - buy it using a loan with long duration and small monthly installment. Sell Bitcoin for cash and use this money to pay off loan.

Bitcoin isn't anonymous! It's one of the most common wrong assumptions that people have.
You can be anonymous if you mine the coins and trade them for altcoins or cash. If you bought the coins from someone on an exchange the anonymity is no longer there.Reliability and security is one of the main advantages of bitcoin. Therefore, I would advise conducting as many operations as possible through blockchain, in bitcoins. To avoid paying taxes for cashing out.

Use mixer, e.g. Chipmixer.

If it is necessary I would just abide the given law just so they won't ban bitcoin here in our country.

If you don't know where to spend your money, don't pay to terrorists (govt), better pay to their haters!

Taxes will still be subdivided for the needs of the country and I would be very proud to contribute my earnings.

Do you really believe in this?!!

[Sithara007]

It is good to be paying tax because that is one of the way government generate revenue which they use in providing infrastructure for it's citizens

If the government was indeed using the tax money for infrastructure activity (or to provide education and healthcare), then no of us would be complaining about the taxes. But that is not the case. The vast majority of the tax revenue is being diverted to two sectors. The first one is for the salary and pensions of the government employees. And the second one is for waging wars.

[siekeheros]

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

lol , I pay taxes daily on every purchase I made in real life ( not on the internet )  and we don't have to do the annual taxes like on the united states.

[allonage]

I do not want to pay for now. But I will pay if it becomes compulsory.